Jim Johnston is The Heartland Institute's senior fellow for energy and regulatory policy and a member of its Board of Directors. He retired in January 1993 from his position as senior economist at Amoco Corporation, whose Economics Department he joined in 1975. His primary responsibilities while at Amoco included the economic analysis of public policy issues and the hedging of corporate risk.
Prior to his employment at Amoco, Mr. Johnston served as an economist with the RAND Corporation, the Institute for Defense Analyses, and the Secretary's Office of the U.S. Treasury. He served on the U.S. delegation to the United Nations Conference on the Law of the Sea.
Mr. Johnston's current research has focused on electric utility deregulation in Illinois and other states; pollution trading under the climate change treaty, Clean Air Act, and the RECLAIM system for the South Coast Air District; and a general theory of regulation, published in the Cato Institute's Regulation magazine.
Prior to his employment at Amoco, Mr. Johnston served as an economist with the RAND Corporation, the Institute for Defense Analyses, and the Secretary's Office of the U.S. Treasury. He served on the U.S. delegation to the United Nations Conference on the Law of the Sea.
Mr. Johnston's current research has focused on electric utility deregulation in Illinois and other states; pollution trading under the climate change treaty, Clean Air Act, and the RECLAIM system for the South Coast Air District; and a general theory of regulation, published in the Cato Institute's Regulation magazine.
Latest posts by Jim Johnston (see all)
- Price Controls, Whether For Labor Or Housing, Don’t Work - July 9, 2014
- Adding Economics to the Immigration Debate - May 20, 2014
- Encrypt Everything! - February 3, 2014
Energy future includes vast deposits of natural gas from shale. Hydraulic fracturing is used to free the gas from the shale rock. It now appears that oil can be recovered from shale as well.
In an article from The New York Times, Daniel Yergin of IHS CERA claims:
“This is very big and it’s coming on very fast … ‘tight rock’ fields that now produce about half a million barrels of oil a day will produce up to three million barrels daily by 2020 … this is like adding another Venezuela of Kuwait by 2020, except these tight oil fields are in the United States.”
